During the period of February 7 to 16, the sale of a two-bedroom unit at Hill House stood out as it topped the list of private condominiums that achieved a new record psf-price high. The 999-year leasehold development, which was launched in 2022, reached its highest price per square foot of $3,398 psf when a developer sold a 452 sq ft unit on the eighth floor for $1.54 million on February 16. This latest transaction barely surpassed the previous peak of $3,378 psf set on February 11, when another 452 sq ft, two-bedroom unit on the eighth floor was sold for $1.53 million.
Located at the top of Institution Hill, just off River Valley Road in prime District 9, Hill House comprises 72 units and was launched in November 2022. The boutique condominium consists of 40 one-bedroom units measuring 431 sq ft. There are also 24 two-bedroom apartments ranging from 452 sq ft to 624 sq ft, and eight three-bedroom units spanning 753 sq ft.
If you’re interested in finding out the latest transaction prices and available units at Hill House, you can search for the latest New Launches.
Artist’s impression of Hill House (Photo: Macly Group)
Based on URA caveats, 37 units (or 51.4%) at Hill House have been sold at an average price of $3,152 psf since its launch in November 2022. The condo is currently under construction and is expected to be completed in the third quarter of 2026. From the start of this year, eight units at Hill House have been sold at an average price of $3,190 psf. This includes the most expensive unit sold at the development so far in terms of absolute price – a 753 sq ft, three-bedroom apartment that was sold for $2.39 million on January 5.
If you’re interested in finding out more about the latest new launch, you can read our analysis here: ANALYSIS: Most profitable condos in 2024
The Tresor, a 999-year leasehold development, came in second on the list of condos that saw new psf-price highs during the period. A resale transaction of a 1,421 sq ft unit on the fifth floor set a new high of $2,625 psf when it was sold for $3.73 million on February 10. This beats the previous psf-price high for the development of $2,501 set in March 2024, when a 1,399 sq ft, three-bedroom unit on the second floor was sold for $3.5 million.
The unit that was sold on February 16 was the first resale transaction at The Tresor in a year, according to caveats lodged. The most recent resale deal before this was the sale of a 1,399 sq ft unit which went for $3.5 million ($2,501 psf) on March 4, 2024. The Tresor is a 62-unit development located on Duchess Road in District 10 and was completed in 2007. It comprises a mix of two-, three-, and four-bedroom apartments ranging from 990 to 2,896 sq ft.
The Tresor (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Just a five-minute walk from Tan Kah Kee MRT Station on the Downtown Line, The Tresor is also within walking distance of Coronation Shopping Plaza and Serene Centre. Other nearby amenities include Adam Food Centre and the Singapore Botanic Gardens.
Rounding out the top three on the list of condos that achieved a new psf-price high is Jadescape. On February 7, a 1,647 sq ft, four-bedroom unit on the 22nd floor was sold for $4.05 million. This sets a new record of $2,459 psf at the District 20 development. The previous high price per square foot at Jadescape was $2,446 psf, set in January, when a 1,259 sq ft unit on the 10th floor was sold. In terms of absolute price, the most expensive resale unit to date is a 4,230 sq ft, six-bedroom penthouse which fetched $10.2 million ($2,399 psf) in December 2024.
Jadescape is a 99-year leasehold development that was completed in 2022. It consists of 1,206 units across seven residential towers. Located at the junction of Marymount Road and Shunfu Road, Jadescape has one- to five-bedroom apartments ranging from 527 sq ft to 2,099 sq ft. There are also two penthouses measuring 4,230 sq ft. The development is within walking distance of Marymount MRT Station on the Circle Line, and just a four-minute walk away from Sin Ming Plaza.
Jadescape (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Data compiled by EdgeProp Research shows that Jadescape commands one of the highest average transacted prices among condos within a 1km radius. In the last 12 months, the average transacted price at Jadescape stands at $2,192 psf. In comparison, other condos in the vicinity such as the Tresalveo on Marymount Terrace, 183 Longhaus on Upper Thomson Road, and Thomson V Two on Sin Ming Road have average transacted prices ranging from $1,712 psf to $1,912 psf over the same period. All three condos are freehold developments.
No new psf-price lows were recorded during the period. If you’re interested in finding out more about Hill House, The Tresor, and Jadescape, you can check out the latest listings and transactions here and here.
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